Support for Innovative Products Making Inroads into Overseas Markets in Public-Private Collaboration
Support for Innovative Products Making Inroads into Overseas Markets in Public-Private CollaborationPPS speeds up support for Innovative Products going global, working with *five power generation companies, the Korea International Cooperation Agency (KOICA) and the Innovation Procurement Support Center. *Korea Southern Power, Korea Midland Power, Korea Western Power, Korea East-West Power and Korea Energy In this regard, PPS held a explanation session to introduce its pilot purchase project to secure international validation for Innovative Products and share its accomplishments, project details and participation methods on August 29, at the Government Complex in Daejeon. In the second half of this year, information including of demanded products and promising user institutions aboard possessed by five power generators and KOICA will be shared with domestic businesses. And fairer opportunities for participation will be granted to businesses through public recruitment, ensuring lower entry barriers to overseas markets. Lee Sang-yoon, Vice Administrator of the Public Procurement Service, stated, "We hope that this event will serve as an opportunity for innovative companies to grow into export leaders." He added, "We will continue to pursue tailored support policies for expanding exports, which are a top priority in the second half of our economic policy."